Strategy (MSTR) Shareholders Approve Daily Dividends on Four Preferred Stocks
By Micah Zimmerman
AI summary of the source article
Strategy shareholders have approved an amendment allowing four preferred stocks—STRF, STRC, STRK, and STRD—to accrue dividends daily. Preliminary results showed 99.3% of votes cast were in favor of the measure.
Why it matters
Strategy stated the change "would reduce reinvestment lag, enhance liquidity and market efficiency, and increase price stability" while supporting its ability "to access preferred equity capital efficiently" to execute its Bitcoin Treasury strategy.
Key facts
- Preliminary results show 99.3% of votes favored daily dividend accrual for preferred stocks STRF, STRC, STRK, and STRD.
- Dividends will accrue every calendar day, including weekends and holidays, and be paid on the next business day.
- Strategy maintains holdings of 848,517 BTC acquired for $64.02 billion and retains a $4.83 billion cash reserve.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Strategy (MSTR) Shareholders Approve Daily Dividends on Four Preferred Stocks Strategy (MSTR) shareholders approved paying daily dividends on four of its preferred stocks. This post Strategy (MSTR) Shareholders Approve Daily Dividends on Four Preferred Stocks first appeared on Bitcoin Magazine and is written by Micah Zimmerman .